KyleMcQuade

KyleMcQuade

Hi guys! Over the next few weeks we are going to be looking more in-depth at using harmonic patterns across different alt-coins against bitcoin. After carrying out research we found that harmonic patterns can be very powerful and consistent in this developing market. In this example I am looking at Factom against Bitcoin. Price is at the lower end of the market...

KyleMcQuade

Along with the long pattern on CHF/JPY, we have another bullish setup on the USD/JPY. I am currently looking at a bullish shark that has just touched the entry zone (between 0.886 and 1.3). That said, I will not look to enter until price drops lower to the lower entry level. This evening, the Japanese Trade Balance came in at 45 Billion below consensus. Now I am...

KyleMcQuade Updated 

Looking at this pair we have a bullish wedge (*See Below*). Inside the wedge we have a bullish bat pattern with an exact 50% B point. The technical analysis looks good on this pair- the pattern is meeting the wedge at a level where there has been support in recent weeks also. Looking ahead this week we have the trade balance to be released for the Swiss frank,...

KyleMcQuade Updated 

Here we have a Cypher pattern on the EUR/NZD 1hr chart. Most NZD pairs are currently at a level of string support, and with my expected weakening euro, this pair should dip. (Albeit weak) daily support has been broken and I can see this Cypher formation taking price lower still. As always with this pater, we will have 1:2 risk and our first TP level at 38.2%....

KyleMcQuade

Expecting in a drop in the Euro across the board this week, just going through the process of picking the best set ups. As per usual, I may not take this trade depending on the candlesticks but I will keep an eye on the progression as price approaches the PRZ. This bearish Gartley (on the 1 hour chart) comes as price recently reached its highest level since 2015....

KyleMcQuade Updated 

Hi Guys, i've been looking mostly at dollar pairs this weekend and I'm expecting the beginning of short-term volatility in some places. The Euro-USD has soared to new highs in recent weeks but is now in a position where it is looking for a new support level on the daily frame. The daily chart has presented a bearish wedge formation, while price has found some...

KyleMcQuade Updated 

CADJPY has began to pivot around the neckline of a head and shoulders on the daily/weekly chart. Price found support at this level on the 4 hour chart, made a new low and is now retesting the previous los as resistance. Recent dips and rallies have been urgent and direct in recent weeks, however price dropping below the 4HR 200EMA at this neckline gives a sign...

KyleMcQuade Updated 

Here we have a bearish pattern forming within a channel on the 4 hour chart. The trend-line was temporarily broken, which may signal a an area of consolidation. On top of this, RSI is showing as overbought on the 4hour and 1hour charts along with bearish divergence. I will be watching the candles on both time frames before confirming my entry! Butterfly ratios...

KyleMcQuade Updated 

Good morning guys. I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases...

KyleMcQuade Updated 

Above we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level! Risk is minimum...

KyleMcQuade Updated 

Above you can see a very only-shaped butterfly ; price isn't exactly flowing from each co-ordinate to the next but the ratios fit the bill, so it's a butterfly . The reason I am at least considering taking this trade is the level of support- you can see in the update below that price is at a key level of weekly support/resistance . Furthermore, the daily trend...

KyleMcQuade

Good morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that...

KyleMcQuade Updated 

Hi guys. This is not a pattern I look at often, however, today I'm looking at a long position at the end of a harmonic 5-0 completion! Price has hit support on the weekly time frame and should find some security at this level. EUR GBP is not a pair i've wanted to trade as of late as per the obvious political sentiment, then again, I don't trade the 5-0 that often...

KyleMcQuade Updated 

Shark week continues- once again on a GBP pair. I am expecting the pound to drop across the market in the next couple of weeks! This bearish shark is reaching completion at a key resistance zone on this pair, as are most of the GBP pairs at this time. GBP has seen some growth over the past couple of weeks, so I am expecting a sell off to balance out supply/demand....

KyleMcQuade Updated 

Some generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close...

KyleMcQuade Updated 

Could be the beginning of shark week as a few formations are starting to present themselves across the market- on this occasion I am looking at a bearish move on the GBPAUD. Price is approaching a level where we have seen previous support/resistance. That said, as always with this setup, there is no fixed PRZ. Reversals occur when the total retracement to the X...

KyleMcQuade Updated 

Here on the Silver/USD pair we have a bearish cypher pattern! Along with the PRZ of the harmonic, we have an area of support/resistance and a weekly trend line- as shown below. Price has been making consecutive lower lows. With the high D point compared to the B coordinate, I expect price to go into some consolidation before either continuing or reversing at this...

KyleMcQuade Updated 

Here we have a bullish Cypher pattern on the NZD/CHF. CHF pears across the board are looking bearish for the Franc, this should be no different. The X point concluded along what can be seen as a weekly pivot line so price may become volatile before breaking daily resistance and pushing towards our TP level. Risk is at a minimum 1:2 as always. Cypher ratios X:B...